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You are given the following information extracted from the comparative Statement of Financial Position and Income Statement. Accumulated Depreciation - Buildings Prepaid Insurance Salaries Payable

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You are given the following information extracted from the comparative Statement of Financial Position and Income Statement. Accumulated Depreciation - Buildings Prepaid Insurance Salaries Payable 2020 (35000) 13000 5000 2019 (17000) 6000 5000 Net Income = 150000 Information related to sale of non-current assets is given below: Gains = 900 Losses =-1200 Required: Prepare the Operating Activities section of the Statement of Cash flows: Information related to sale of non-current assets is given below: Gains = 900 Losses = -1200 Required: Prepare the Operating Activities section of the Statement of Cash flows: IMPORTANT NOTE: WHEN FILLING THE VALUES BELOW TYPE THE NUMBE CURRENCY SIGNS AND WITHOUT DOTS OR COMMAS. (EXAMPLES: 11000 is a is incorrect. For negative numbers -9000 is correct, but -$9000 or -9,000 is incorrect) OPERATING ACTIVITIES Net Income Adjustment for depreciation Adjustment for current assets Adjustment for current liabilities Adjustment for gains on sale of non-current assets Adjustment for losses on sale of non-current assets Net Cash Flows from Operating Activities

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